Poverty and Grameen Bank
In our modern world ,ensuring that all people in the world have access to their basic needs as proper nutrition , clean water and healthcare is not considered a kind of luxury , but it's a must that we all should seek to achieve. Poverty is a huge obstacle that hinders any effort exerted in order to reach this goal . According to Heba Ellithy ,a professor at social and economic studies center in Cairo , poverty is a situation in which an individual is unable to afford his basic needs . In fact , the poverty in Egypt is widespread as about 42 % of the population live under the poverty line according to a recent report by the Egypt's food bank. The main cause of this problem is the corruption which is found in all the Egyptian governmental institutions. Such corruption wastes the resources of the country . Other causes of poverty are the high rate of unemployment , the bad policies of the governments which are in favor of the rich instead of the poor and the fact that the poor have no access to credit. On the other hand, Poverty has serious consequences which are the increase in hatred among people of different social classes which leads to increase in the rate of crimes .Moreover , poverty causes an increase in domestic violence and spread of diseases due to poor health care .Not only the poor who are affected by poverty , but also the rich who suffer from the increase in the rate of crimes . Although the government should have a major role in combating the poverty , NGOS can contribute to solving this problem . Grameen Bank, which is a microcredit bank , shows how the government could cooperate with NGOS to help eradicating pover...
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...its caused by Grameen Bank is an incentive to apply this project in other developing countries as Egypt
To conclude ,Grameen bank is successful model of projects which try to eradicate poverty . Having a small budget and being owned by the borrowers, whose savings are used to give loans to others, are the major advantages of it. The main disadvantages of Grameen bank are the high interest rates ,the lack of ability to reach the poorest of the poor to give them loans and the fact that some of the poor have no ability or skill to invest the money in any project.Any organization like Grameen bank should put clear criteria to those who are able to borrow from the bank in order to reach the poorest of the poor . Besides, it has to limit the high interest rates in order not to make these nonprofit organizations converted into private for profit organizations
When beginning the readings in the module about poverty, I was struck by a sense of shame. Jenson & Fraser (2011) have some pretty hard-hitting statistics and the graphs did a really good job illustrating the prevalence and trends in poverty; I really appreciated graph 2.1, which displays the racial and ethnic disparities that exist for children experiencing poverty, because it demonstrates how the national rate of childhood poverty can be deceptive (26-30).
In the book: Creating a World Without Poverty, Muhammad Yunus expresses his ideas in solving the world's social problem. He explains his view in helping end poverty with the help on the potential of technology.Not only the global poverty that he wants to end but the problems which involves lack of focus to health care and education, gender discrimination, and inequality. He is looking forward to a more fair society for all.
Most people of the society still blame the poor for their own predicament. They believe that "if there is a will there is a way". However, they do not think about their government that might had made bad decisions and policies that could actually harm successful development. This causes of poverty and inequality are usually less discussed and often neglected. We must recognize the effects poverty could have on the society and seek ways to create better understanding and resolve the issue before it is too late.
Poverty has been a growing problem in America, and it most likely will never stop being one. Someone who is identified as being in poverty lives beneath the poverty line determined by the Federal government. The poverty line in 2015 for a family of four was $24,250. These are the people who are really considered poor. Poverty isn’t just a problem in the United States; in fact, other countries struggle just as much, if not more, than the United States does. Many people struggle to keep themselves above the government’s poverty line, shown by the fact that the percent of poor people in America hasn’t drastically changed over the years. However, it is possible to get out of, and ultimately stay out of, poverty.
Poverty can be defined in many different ways. It is described as the state of being extremely poor. It is hunger, lack of shelter, lack of resources, decline in mental and physical health, not having a job, lack of power and representation. It is living one day at a time and fear of looking towards the future. Poverty is a significant threat to women’s equality. More women live in poverty than men, and women’s experience of poverty can be harsher, and more prolonged. Women are often left to bear more burden of poverty which results in the “feminization of poverty”. The goal of this paper is to identify key aspects of alleviating poverty specifically for women, by means of government assistance programs.
The world contains a lot of societies, cultures, and classes. Each household belongs to some social class that represents their level of education, their work position, and their financial status. These different classes have created a conflict between people. It fills rich people's minds with the thought that poor people are criminals, and that conflict ended up with creating poverty. The authors Gilbert, Kahl, Magnet, and Gans are discussing the important causes and reasons that created poverty in comparing and contrasting these points with each other.
In this world there are many different types of challenges faced but individuals in different countries, as people work together to find a way to stop or solve these challenges there are also some challenges or situations that individuals, even as a group, cannot eliminate. The race to reach conclusions of situations is very desirable and is being worked on very efficiently, but one issue that people have mistaken into accomplishing is hunger. Hungry is present everywhere and not a lot of people can satisfy or fulfil that need. Lack of sanitation, unemployment, and unhealthy diet choices these are involved in an imaginary line called the poverty line. The idea of food banks is a good start into eliminating hungry but the process still has a
According to Saunders (2005) what are the consequences of living in poverty? How does it affect children and family life?
In most cases, shortage of money is not the sole problem. Rather, poverty is a mere term summarised by a sophisticated factors of corruption, lack of infrastructure, civil unrest, government failure, and many more. Especially, donated money are regularly spent to run campaigns, provide wages to staffs, and to run the charities, with a very few of the amount being invested directly to help the poor. This socio-political scepticism can be worse as some believe that charity is merely a band aid fix to the deeper underlying problem that is continuously causing the poverty, and it only becomes the basis for local communities to be dependent on
Microcredit can be defined as small loans, or microloans, for people around the world in extreme poverty to help spur entrepreneurship. The issue of microcredit is extremely important in the world’s economy. Poverty alleviation and economic development are the primary goals of microcredit programs, that is why they began in the developing countries of Asia and Latin America, economist Muhammad Yunus and his Grameen Bank in Bangladesh are credited of pioneering this financial innovation (Smith, Thurman, 2007). After acquiring a loan, impoverished people get involved in self-employment projects that help them to start a business and begin generating income and in many cases leave poverty. Microcredit offers loans to poor people without requesting any financial history from them. These loans help to improve the quality of life of individuals and communities through commitment. In recent years, the idea of giving small loans to poor people became the darling of the development world, giving a way to propel even the poorest people into better lives (Jolis, 2011).
Poverty, also known as the silent killer, exists in every corner of the world. In fact, almost half of the world’s population lives in poverty. According to the United States Census Bureau, there were 46.7 million people living in poverty the year of 2014 (1). Unfortunately, thousands of people die each year due to this world-wide problem. Some people view poverty as individuals or families not being able to afford an occupational meal or having to skip a meal to save money. However, this is not the true definition of poverty. According to the author of The Position of Poverty, John Kenneth Galbraith, “people are poverty-stricken when their income, even if adequate for survival, falls radically behind that of the community”, which means people
As one of the biggest problems facing the world today, poverty continues to have significant negative implications for the society. The effects of poverty are extremely severe and far-reaching, so much so that it was one of the top Millennium Development Goals agreed upon at the Millennium Summit of the UN back in 2000 (Hatcher, 2016). To understand the effects that poverty has on the society, one must critically analyze the societies in which poverty is rampant, as well as analyze poverty from the relative perspectives that it presents. The core aim of this paper is to develop a holistic understanding of poverty and elaborate on the diverse ways in which it continues to affect societies across the world.
As developed countries quench their thirsts for petrol, developing countries around the world are left behind, force to watch on without any help from the outside community. Being poor means to be disadvantaged in every single way. It means not being able to support yourself or your family or have the basic necessity to life. Without substantial help for these helpless people then we should be feeling guilty that we are living lives far better than what others are experiencing. Poverty may because by wars, disease or lack of education and infrastructure and the resulting consequences may be hunger, starvation, crime and ultimately death. If poverty is not eradicated then injustice will continue, increasing death tolls and lives.
Social issues are problems in the society today that are described as wrong, widespread and changeable. A category of conditions that people believe need to be changed. Poverty is a serious social issue in the society today. According to Peilin (2012), poverty brings hardships to families and individuals as well as political thereby negatively affecting the social stability and social development and posing a severe threat to human security (p. 243). This paper focuses on poverty as a social issue in today’s society. First, it gives a succinct introduction of the social issue, and then describes how it fits into the field of sociology. It also evaluates the sociological theories and terminology that relate to the social issue. The section that follows evaluates what is known and unknown about the particular social issue. This is followed by a discussion regarding the value of sociological research into the issue determining the available or possible practical implications of the sociological inquiry. The information presented here is strongly supported by the concepts and theories derived from reliable sources.
Has anyone ever considered thinking about what the world is really going through? How many people don’t have the necessities in order to survive? If so, what are these people going through? Poverty is the state of one who lacks a standard or socially acceptable amount of money or material possessions. Sometimes events occur that changes a person’s perspective on life. Poverty is one that can have a huge effect on not only one person, but also the people around him/her. Over half of the world is going through this tragedy and we, being the ones who created it, have the responsibility to end it.